BLOCKCHAIN TECHNOLOGY: APPLICATIONS AND CHALLENGES IN CYBERSECURITY

Blockchain technology has garnered significant attention in recent years due to its potential to revolutionize multiple sectors, especially cybersecurity. Its decentralized, transparent, and immutable nature offers promising solutions to existing security challenges, such as data breaches, identity theft, and fraud. This paper explores the applications of blockchain technology in enhancing cybersecurity, with a particular focus on how blockchain can provide secure data storage, authentication, and transaction processing. The paper also delves into the challenges associated with implementing blockchain in cybersecurity, including scalability, regulatory concerns, and integration with existing systems. Through detailed examples and case studies, the paper provides a comprehensive analysis of blockchain's potential in strengthening cybersecurity frameworks while addressing the barriers to widespread adoption.